Goldman Sachs Keeps Their Sell Rating on Hewlett Packard Enterprise (HPE)

In a report released on August 30, Rod Hall from Goldman Sachs maintained a Sell rating on Hewlett Packard Enterprise (HPEResearch Report), with a price target of $0.00. The company’s shares closed yesterday at $13.60.

According to TipRanks, Hall is a 2-star analyst with an average return of 0.5% and a 47.68% success rate. Hall covers the Technology sector, focusing on stocks such as Apple, Pure Storage, and SmartRent.

In addition to Goldman Sachs, Hewlett Packard Enterprise also received a Sell from Morgan Stanley’s Kathryn Huberty in a report issued yesterday. However, on the same day, Deutsche Bank maintained a Hold rating on Hewlett Packard Enterprise (NYSE: HPE).

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HPE market cap is currently $17.67B and has a P/E ratio of 4.86.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HPE in relation to earlier this year. Most recently, in June 2022, Black Thomas E Jr, the EVP, GM, Storage of HPE sold 28,347.00 shares for a total of $432,575.22.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hewlett Packard Enterprise Co. engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides a broad portfolio of services-led and software-enabled infrastructure and solutions. The Intelligent Edge segment comprises of enterprise networking and security solutions for businesses of any size, offering secure connectivity for campus and branch environments, operating under the Aruba brand. The Financial Services segment offers investment solutions, such as leasing, financing, information technology consumption, utility programs and asset management services. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects. The company was founded in 1939 and is headquartered in San Jose, CA.

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